Hey, fellow steemians. I am new to cryptocurrency trading and a new to the steemit community as well. But I have been trying to figure out how this cryptocurrency values fluctuate. There has been no straightforward answer to this as far as I know. Recent rise of the Bitcoin and Ethereum in terms of value is phenomenal. But at the same time many people say that the rise is a crypto bibble and may burst leading to heavy losses to the investors. I can see from the CoinMarketCap site that all the top cryptocurencies are falling simultaneously. Also some new comers to the cryptocurrency family have risen almost a 100 times in a day! As we can see from the charts.
Charts are for June 19-June 26 from coinmarketcap.com:
As we can see from the charts that there is downward trend for almost all major cryptocurrency.
An interesting currency called #FootyCash (Footy Cash) has risen almost 1000% during the last 24h. But it has a very low market cap.
I hope that this is not a bubble that bursts as cryptocurrencies are the way forward.